What is WEX's net margin?

WEX (WEX) reported net margin of 11.5% in Q1 2026.

How has WEX's net margin changed year-over-year?

WEX's net margin decreased by 4.7% year-over-year, from 12.1% to 11.5%.

What is the long-term trend for WEX's net margin?

Over 5 years (2020 to 2025), WEX's net margin has grown at a -8.9% compound annual growth rate (CAGR), from -18.2% to 11.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

WEX WEX Net margin

Net margin at other companies

U.S. BancorpUSB

27%+2.8pp

CorpayCPAY

24.6%-0.6pp

HQY

HealthEquityHQY

17.3%+7.5pp

Fidelity National Information ServicesFIS

23.3%+15.3pp

Global PaymentsGPN

-8%-28.2pp

ACI WorldwideACIW

11.5%-4.6pp

Other financials

Income statement

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Revenue$673.8M+5.8%

Gross profit$393.7M+7.4%

Operating income$158.2M+0.6%

Net income$77.7M+8.7%

EPS (diluted)$2.22+22.7%

Balance sheet

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Cash & equivalents$1.2B-2.9%

Total debt$5.2B-6.2%

Total equity$1.3B+57.3%

Total assets$15.4B+10.5%

Cash flow

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Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation

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Market cap$4.42B-13.8%

Enterprise value$8.42B-11.1%

P/E14.2×-2.0×

P/S1.6×-0.3×

Profitability

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Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

FCF margin17%+16.8pp

Returns & leverage

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Return on equity29.8%+5.4pp

Debt / equity4.1×-2.8×

Current ratio1×0.0×

Where this comes from

Calculated from WEX’s reported figures.

net income/total revenue=11.5%

Based on trailing twelve months.

The official record: WEX’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WEX's net margin?: WEX (WEX) reported net margin of 11.5% in Q1 2026.
How has WEX's net margin changed year-over-year?: WEX's net margin decreased by 4.7% year-over-year, from 12.1% to 11.5%.
What is the long-term trend for WEX's net margin?: Over 5 years (2020 to 2025), WEX's net margin has grown at a -8.9% compound annual growth rate (CAGR), from -18.2% to 11.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.